H&R Block acquisition of TaxACT software maker blocked | Practical Law

H&R Block acquisition of TaxACT software maker blocked | Practical Law

On 31 October 2011, a federal judge granted a permanent injunction blocking H&R Block, Inc. from acquiring 2SS Holdings, Inc., makers of TaxACT software used for self-preparation of income tax return filings. The injunction was the result of a lawsuit filed by the US Department of Justice (DOJ) in May 2011. Following issuance of the injunction, the parties abandoned the transaction.

H&R Block acquisition of TaxACT software maker blocked

Practical Law UK Legal Update 8-513-8908 (Approx. 3 pages)

H&R Block acquisition of TaxACT software maker blocked

by Practical Law
Law stated as at 31 Oct 2011USA (National/Federal)
On 31 October 2011, a federal judge granted a permanent injunction blocking H&R Block, Inc. from acquiring 2SS Holdings, Inc., makers of TaxACT software used for self-preparation of income tax return filings. The injunction was the result of a lawsuit filed by the US Department of Justice (DOJ) in May 2011. Following issuance of the injunction, the parties abandoned the transaction.